How to Buy a Stock

To buy a stock: Go to the “Quotes” display. Tap on the “Enter Symbol” field and type the name or symbol of the stock you are looking to trade. Tap on the “Trade” button, located on the upper right side of your screen. Tap on the quantity field and select the number of stocks you […]

How to Sell a Stock

To sell a stock (Close an existing position): Go to the “Positions” display. Select the stock you want to sell. Tap on the “Close” button. Tap on the quantity field and select the number of stocks you want to sell. Select the “Verify Order” field and tap on the “Place” button.

How to Short-Sell a Stock

Short selling is like buying and selling a stock, but in reverse. You sell a stock you do not own hoping to buy it back at a lower price later, and the difference is your profit. While investors go long in expectation that the stock will appreciate in price, traders go short in anticipation that […]

Order Types

Supported Order Types Folionet supports market orders, limit orders, stop orders, and stop limit orders. Market Order:  A market order is an order to trade a stock at the current market price. It does not contain restrictions on the price or the time frame in which the order can be executed. Limit Order: A limit order is an order to […]

Order Durations (Time In Force)

Day Order: A day order is an order to buy or sell a security that expires at the end of the trading day, when the market closes. If the order is not executed on the day it was placed, the order expires. Good-until-cancelled (GTC): It is an order to buy or sell a stock until the order […]

Trading on Folionet

What is a stock settlement? Stock settlement refers to the completion of a trade through the delivery of the security and the payment of cash. The settlement time (usually T+2 or two business days after the trade date) is the date on which ownership changes between buyer and seller. What is an instant settlement? If […]

Pattern Day Trading

What is a Day Trader? A day trader is one who buys and sells the same security on the same day to try to take advantage of intraday price movements. What is a Pattern Day Trader? A day trader is one who executes four (4) or more day trades in a five (5) business day period. The minimum equity […]